Global Laboratory Information Management System Market Size is estimated to expand rapidly in coming years, at a CAGR of 13.6 % from 2018 to 2025. In 2017, the global market valuation was USD 0.75 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. The information management system for laboratories is a software-oriented approach that assists in daily lab activities. The Laboratory Information Management System (LIS) or Laboratory Management System (LMS) is sometimes called. Laboratories worldwide rely on a workshop information leadership scheme for data leadership, property assignment and inventory governance. 

The worldwide laboratories data device leadership industry is driven by increasing supply for studio technology owing to the heavy emphasis on using the recent laboratories technologies for highest effectiveness. The demand for laboratory Information Management Systems is boosted by government assistance through resources for the procurement of performance laboratory information management system. Other variables that boost the industry include enhanced drug findings, the swift growth of disease outbreaks and increased sophistication in the use of particular machinery. Geographically, North America region is expected to be the highest growing region in the global market of laboratory information management system.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global laboratory information management system market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global laboratory information management system market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Component Insights: On the basis of component, global laboratory information management system market has been segmented into software and services. In the forecast period, the utility sector is anticipated to record the largest CAGR. The big proportion of facilities is attributable to the repeated need for facilities such as instruction, software upgrade and post-installation servicing.

By Delivery Model Insights: On the basis of the delivery model, global laboratory information management system market has been segmented into on-premise, remote, and cloud. The largest CAGR in the forecast period is anticipated for the cloud-based section. The strong development of cloud-based LIMS was assured by factors like self-service analytics on demand, convenience of use, accessibility, efficiency, no upfront hardware capital investments, adaptability & mobility, and a pay-as-you-go sales system.

By Industry Insights: On the basis of industry, global laboratory information management system market has been segmented into CRO, CMO, toxicology, pharma, biotech, chemical, agriculture, oil, gas. It is anticipated that 2018 will account for the biggest market share in the life sciences sector. The big proportion of the sector can be ascribed to the increased outsourcing by pharmaceutical companies, the growing amount of biobanks and the growing R&D investment in drug and biotech firms.

Regional Analysis

The laboratory information management system market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. The biggest market share was in North America in 2018. The main drivers of LIMS business development in North America are the strong markets of the United States and Canada that allow substantial investment in fresh techniques, development in biobanks, simple accessibility of LIMS goods and facilities, and stringent legislative standards throughout the industry.

The Asia Pacific industry in the forecast period is expected to grow at a fast rate. Some elements pushing the laboratory information systems management industry in the Asia Pacific have been highly used for exploring and manufacturing alternatives and increasing compliance with regulatory compliance. Asia-Pacific developing countries such as India and China invite worldwide competitors to their local markets. In short, this is driving the region's industry. A substantial proportion of the industry is anticipated from Europe. This tendency can be ascribed to the growing concentrate on developments in advanced nations in the area through R&D and IT techniques.

Global Laboratory Information Management System Market Size, Share Analysis by Region 2017

Global Laboratory Information Management System Market Study Objective

1. To forecast the market size of laboratory information management system market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of laboratory information management system market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate on significant factors that will have a major impact on the growth of the laboratory information management system market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of laboratory information management system market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the laboratory information management system market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Dassault Systmes, Labware, Labworks LLC, Thermo Fisher Scientific, Autoscribe Informatics, Labvantage, Accelerated Technology Laboratories, Abbott Informatics, Genologics, Inc., Computing Solutions, McKesson, Lablynx, and Siemens are some of the key players in the market of laboratory information management system.

Global Laboratory Information Management System Market Study Report Offer You!

The global laboratory information management system market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.